I see no reason why not;
Obviously you will need all the motherboard drivers and a new xp disc.
Download and Run PCWizard 2008 (not sure if it works on Linux).
Click on hardware and post back the details under Mainboard.
You may have a problem collecting all the drivers...depending on the chipset.
Is this one of those eepc laptops ?
If so,you may need a bigger harddrive.
Please post back as much information as possible.
Size of hdd ?
Ram installed ?
PCWizard will tell you all this (if it will run on your system)